Listed by Monarch Commercial Advisors
$1,287,000
The Waffle Spot
Details
Property Type Retail
Sub Type Restaurant
Square Footage 5,500
Cap Rate 6.00%
NOI $77,214
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 08/31/2041
Year Built 1979
Acreage 0.500
Parking Spaces 26 spaces
Parking per 1,000 SqFt 4.73
Ground Lease No
Absolute NNN Low Price Point Restaurant Property with Below Market Rent
Marketing description
This established restaurant property sits in the heart of Madera’s dominant retail corridor, where national brands and daily-needs retail drive consistent consumer traffic. The Waffle Spot has operated at this location since 2001 and benefits from co-tenancy with Crunch Fitness, CVS Pharmacy, and Burger King within a recently reimagined shopping center. With over 86,000 residents within five miles and a location positioned to benefit from ongoing growth throughout Madera, this asset checks a lot of boxes.
Investment highlights
- In Operation Since 2001 - Over 25 Years
- Rent 40% Below Market
- 2021 Re-Imaging
- 72,000+ VPD Along Hwy 99
- 86,000+ Residents Within a 5-Mile Radius
- 810K Annual Visits to Country Club Village
- $100,000 Average Household Income Within a 5-Mile Radius
Listing Contacts
Listed by Monarch Commercial Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$77,214.00
$6,434.50/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
Map
Zoning
C1 CommercialGeneral CommercialLight Commercial
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View all 77 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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